The city's Capital Projects Fund had an excess of expenditures over revenues for the current year. Which of the following explanations for the excess is not plausible?
A) The city financed a substantial portion of the project in the previous year.
B) The city financed a significant portion of the project by issuing long-term bonds during the year
C) The city financed a significant portion of the project from transfers from the General Fund.
D) All of the above are plausible explanations.
Correct Answer:
Verified
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